The real-estate developer, the father of models Gigi and Bella Hadid, sold the property known as Le Belvedere for $50 million in 2010, and now leases it from the owners.

Le Belvedere, a mansion on 2.2 acres in Bel-Air, is going on the market for $85 million.

Louis Bruhkne

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Le Belvedere, a mansion on 2.2 acres in Bel-Air, is going on the market for $85 million.

Louis Bruhkne

1 of 13

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Le Belvedere, a mansion on 2.2 acres in Bel-Air, is going on the market for $85 million.

1 of 13

Louis Bruhkne

Le Belvedere, a sprawling Los Angeles mansion that is home to real-estate developer Mohamed Hadid, is going on the market for $85 million, according to listing agents Joyce Rey of Coldwell Banker Previews International and Stacy Gottula of the Agency.

Father of models Gigi and Bella Hadid, Mr. Hadid is known for his lavish residential developments. Le Belvedere, which he built, sold for $50 million in 2010. Mr. Hadid has continued to live there since selling it, leasing the house back from the owners, Ms. Gottula said. The agents said the owners are international buyers who planned to move into the house, but never did.

The 10-bedroom, stone-clad château sits on 2.2 acres in the Bel-Air neighborhood. Measuring more than 40,000 square feet, the three-story house has a ballroom that seats more than 200, a Moroccan-themed room for entertaining, a Turkish hammam decorated with mosaic tiles, a wine cellar with its own dining room and an elaborate screening room with a mural on the ceiling. On the grounds, a 70-foot-long infinity pool overlooks the city, and there is an outdoor pizza oven and fireplace nearby. The gated estate also includes a guard house, fountains, and a swan pond.

Since 2010 "we’ve seen an incredible escalation in values on the high-end in our market," said Ms. Rey, who listed Le Belvedere with Ms. Gottula the last time the property was sold. This summer the Playboy Mansion in Holmby Hills sold for $100 million.

Mr. Hadid built a number of Ritz-Carlton hotels in the 1980s and now specializes in constructing massive homes in Los Angeles, Mexico and elsewhere. Another of his projects—Strada Vecchia, a Bel-Air mansion that was expected to carry a price tag in the range of $200 million—has attracted controversy. Mr. Hadid is facing misdemeanor criminal charges over allegations of municipal code violations at the property. Mr. Hadid’s attorney, Robert Shapiro, said he has pleaded not guilty and is working with the city to ensure that all codes "are strictly complied with."

DISCLAIMER: The currency conversion is provided for illustration purposes only. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. All property prices are as stated by the listing agent.

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